IBM to invest $6bn in India

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IBM, already India’s largest foreign employer, today revealed a plan to raise its investment in the country threefold to $6 billion (£3.2bn) over the next three years.

The move makes the IT services group the largest of a string of American companies to invest heavily in the region, attracted by India’s highly skilled workforce and much cheaper labour costs than found in the West.

IBM’s chairman and chief executive Sam Palmisano said the investment will be used to build service delivery centres in Bangalore, India’s technology hub, and create a telecommunications research and innovation centre in New Delhi.